Yup, we're marching straight into the void...

The monthly payment model is really sinister. Instead of making things more affordable, companies are making it look like things are more affordable. A shameless debt trap

Even your everyday Amazon purchases can be split into multiple smaller payments...

https://medium.com/share-the-wealth/point-of-sale-financing-is-another-step-towards-neoliberal-dystopia-2b5e59264495

I like your term for it -- "the poverty-making model"

I'm dreading Phase 3 where we pay monthly for no ownership at all